Presented below is information related to Carla Vista Co. owned by D. Flamont, for the month of January 2021. Ending inventory per perpetual records Ending inventory actually on hand Cost of goods sold Freight out $21.900 19,000 219.000 8.200 Insurance expense Rent expense Salaries expense Sales discounts Sales returns and allowances Sales $12.200 18.700 53.900 11.000 14,100 386,000 Prepare the necessary adjusting entry for inventory. (Credit account titles are automatically Indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter Ofor the amounts.) Date Account Titles and Explanation Debit Credit Jan. 31 To adjust ending inventory to actual at year end) eTextbook and Media Prepare the necessary closing entries, D. Flamont did not withdraw any cash during the month of January (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry for the account titles and enter for the amounts.) Account Titles and Explanation Debit Credit Date Jan 31 (To close income statement account with credit balance.) Jan. 31 Prepare the necessary closing entries. D. Flamont did not withdraw any cash during the month of January. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry for the account titles and enter for the amounts) Debit Credit Date Account Titles and Explanation Jan 31 (To close Income statement account with credit balance.) Jan 31 v (Todose income statement accounts with debit balances) Lan 31 (To close Income Summary account.)